Nicos Anastasiade

Savers in Cyprus’ largest bank face losing a far worse-than-expected 60pc of their deposits over €100,000 as part of a €10bn EU bail-out deal struck this week.

By Ralph Turchiano on March 30, 2013

Cypriot authorities confirm raid on big depositors By Nick Squires, Denise Roland, and agencies 9:13PM GMT 29 Mar 2013 Under the arrangement, depositors in Bank of Cyprus will receive shares in the lender worth 37.5pc of any savings over €100,000,… Read More ›

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Nicos Anastasiade

Savers in Cyprus’ largest bank face losing a far worse-than-expected 60pc of their deposits over €100,000 as part of a €10bn EU bail-out deal struck this week.